Portal de Cartagena
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The City Council may order and return partially quantities of this policy will generate an interest of 0.67 percent every three months, only money minded.
The transaction was signed this morning with Banco de Santander.
The Local Government, meeting this morning in extraordinary session, approved a treasury operation of up to five million euros, which as noted by the Councillor of Finance, Fatima Suanzes, when necessary will be used throughout the year to follow by paying providers.
The operation consists of a short-term policy that the City must be returned before December 31 and will serve to inject liquidity into the municipal treasury, while the main municipal revenue from taxation and government transfers are not obtained.
For the conclusion of this operation, the Department of Finance has requested bids to eight banks, selecting by Banco Santander, which according to the technical included the best conditions.
Including the Councillor has highlighted the fact that only interest amounts drawn will be generated.
The rate shall be 0.67 percent every three months.
Suanzes explained that this City Council, as on other occasions, have sufficient liquidity to continue paying suppliers as to time, in less than 30 days.
The councilor also pointed out that until the month of March, charged the first major taxes, vehicle, Hall liquidity is low.
Something that becomes also happen until the month of August in the real estate and in November, with the IAE is charged.
Source: Ayuntamiento de Cartagena
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